More than 600 jobs are to be created by FinTrU in Belfast and Londonderry over the next five years.
The financial services firm provides support services, including compliance and risk management, to major banks.
Around 240 staff are employed at its headquarters in Belfast. The average pay rate will be £25,000.
FinTrU was founded by former investment banker Darragh McCarthy five years ago.
Invest NI chief executive Alistair Hamilton described the project as a ‘significant reinvestment’ which was worth £38m.
He said the creation of 305 of the roles in Londonderry was a great endorsement of the wealth of talent in the North West.
“This investment will also make a significant contribution to Northern Ireland’s flourishing financial services sector and will deliver a projected £20million in additional new export sales for the company,” he added.
Fin Tru founder and CEO Darragh McCarthy said the current operation in Belfast has been hugely successful and has been driven by the exceptional talent.
“FinTrU has won two ‘Fast Growth Business of the Year’ awards in 2018 and we are delighted to continue our expansion in other areas of Northern Ireland.
“After reviewing a number of locations, I had no hesitation about expanding our presence into the North West due to the highly attractive location and the availability of talent that the region offers.”
And he added: “Our partnership over the last few years with Invest NI has been invaluable to our growth. We are also working with the Department for the Economy through its Assured Skills Programme, Belfast Metropolitan College and the North West Regional College to establish a Graduate Academy which will result in a considerable investment in training for our new employees.”
Delighted to announce that FinTrU will be creating 605 jobs in the next five years which will include a new site in the North West in Derry/Londonderry. #FinTrU605 pic.twitter.com/8EkO0gfSOz
— FinTrU (@FinTrU) June 26, 2018
Brilliant news for Belfast and Londonderry. This is a huge investment by FinTru and once again shows how the exceptional talent located in all parts of NI is offering great opportunities for investors to grow and create more jobs. https://t.co/FzvVqJhYzl
— Simon Hamilton (@SimonHamilton) June 26, 2018
Great news for Northern Ireland!
BBC News – Financial services firm FinTrU creates 600 jobs https://t.co/Y0WZmtmOOz
— Nigel Dodds (@NigelDoddsDUP) June 26, 2018
SDLP Leader Colum Eastwood has welcomed the fantastic news that FinTru Ltd have announced 600 new jobs in both Derry and Belfast.
Read more: https://t.co/h0Ld7Qwhqz pic.twitter.com/ZSpcJIPycS
— SDLP (@SDLPlive) June 26, 2018
